News
David Gill settles out of court on day of hearing
Lawyers acting on behalf of Capital Print & Display and its former director David Gill have agreed an out of court settlement over charges relating to his conduct while working at the company.
Gill, along with eight members of his family, was due to appear at the High Court in London this morning accused of breach of fiduciary duty – the obligation to act in the best interests of another party, such as company shareholders or creditors.
At the hearing, which was brought by Begbies Traynor on behalf of Capital Print & Display and at which Gill did not attend, it was announced that a sum agreed by the two parties will be paid in full by Gill by 26 August 2009.
Although nine members of the Gill family were accused, only three are included in the payments – believed to be Gill, his wife and his father – the figure agreed will be paid by the three.
If the sum is not paid by 1 September 2009 the deputy judge Mr R Knowles called for a case management conference, at which the two parties will appear for direction.
Begbies Traynor, which was appointed as administrator to Capital in June 2008, had said that Gill could have to pay up to £1.6m.
Gill: faces misconduct charge
Comments
Mick Hart - 02 July 2009
If Ronnie Biggs still had his stash he'd be a free man now!
Jon Fennell - 02 July 2009
Doh!!! thats the end of that story then, maybe he sold them equity
Charles Hampshire - 02 July 2009
Presumably creditors of Capital will get to know how much was paid.
You legal experts out there should be able to tell us simple business people how the personal liability of directors to creditors is affected by an allegation of "breach of fiduciary duty."
Also whether in cases of a similar type this condition could be considered as attracting a view from other authorities. Clearly there is no inference in this question that may connect other instances with this case.
Glen Herman - 02 July 2009
It will be interesting to know how much has been agreed on and how much of that will go to the people that actually need it, suppliers & employees alike.
Very disheartened that it has ended like this, as I feel those mentioned should be made to justify their actions
martin whetton - 02 July 2009
anyone want to bet that no one sees a bean?
I like the american way, 143 year prison sentences, Maydourf, Enron etc..
Marcus Doo - 02 July 2009
One has only got to look at his very smug picture to see this is not a man you can trust as far as you can throw him !
Sue me publically David ..I would like to see how far it gets you !
The UK print industry has got to put a stop to this sort of thing ..surely ???
richard morse - 03 July 2009
His wife really should have told him not to buy that awful suit and tie. Not appropriate for a man in his seventies!
Madoff was sent to prison for 150 years and all he did was to rob greedy and avaricious people who should have known better. He just rode the markets, and every bubble bursts eventually. That is what capitalism is based upon.
But, knowingly having a silly hairstyle is much much worse. Not at all appropriate for a man of his age!
Inky - 03 July 2009
Was Gill represented by M. Bunyard QC ?
martin whetton - 03 July 2009
I think his suit looks lovely, better than the one he used to wear on Bargin Hunt.
Tantastick
charles litton - 06 July 2009
It's the eyes............[EDITED]
charles litton - 06 July 2009
oops................let's see how long that stays posted
'Not A Doctor' (NDCT) - 07 July 2009
Is the answer 'couldn't' Charles?
Edna Bag - 07 July 2009
Charles it will survive until the moderators get to the office, we are in a gettaway with murder zone, their all in bed
Chris Lavers - 07 July 2009
martin whetton - \(re: your tantastic blog) Thanks for that! I am now cleaning sprayed coffee off my monitor screen and there are strange buzzing noises coming out of the top.
Still - it was worth it. I'll be giggling to myself about this for days!
martin whetton - 07 July 2009
Cheers Chris, I like to spread a little happines as I go by..
donald frazer - 07 July 2009
Charles Litton the Gill family are not happy with your comments you made and David's sons said they would personally like to meet you when you are in the neigbourhood, I can't say what else they said as it is too rude however the punt word is used quite a bit with spineless
andy hay - 08 July 2009
Not bad Gill Bunyard and Robinson all in one year just need Gareth Jones to make it a win yankee for partial justice.
Only problem with Jones is he is using the name Eamonn Brouder at the moment.
Time is on my side though..........
Chris Lavers - 08 July 2009
I blame our inept socialist government. What sort of an example does this kind of leadership set to the rest of us? The rot filters through parliament and then down to us lot. It's very hard to take things seriously these days and I'd jack all this in for a bit of good old fashioned Tory sleaze any day of the week. At least with all that 'getting to know you' going on in the early-mid nineties we were able to sustain our national population and identity. Never mind though. It is what it is.
charles litton - 09 July 2009
Mr Frazer,
Have you learnt to peel your own bananas yet or do 'the family' still help you?
Your reply proves the very point that I was trying to make - thank you.
Remember - try and keep those knuckles off the ground my friend!
'Not A Doctor' (NDCT) - 09 July 2009
Charles -- if you need any help (as long as there are no stairs involved, obviously)
Chris Lavers - 10 July 2009
Hi frazer, what's going on with you right now? You make a veiled third-party threat and offer us out for a drink and a chat with the Gill family, and we're decent folks and will happily pay our share. Why did they get themselves into such a mess - did you have anything to do with it? Are you some sort of consultant? Did you give them bad advice? I'm just curious, that's all. Obviously don't answer me if you think it'll get you into deeper water with the Gills.
Colin Sullivan - 22 December 2009
I would very much like to hear from anyone who has had dealings with David Gill \(the snake) - If you would like to know his address and contact details please get in touch... I expect David Gill to be at the High Court in London \(Strand) tomorrow approx 1030 \(December 23rd 2009) as I have issued proceedings for an injunction to secure monies owed to me by David Gill. I can be contacted at "managingpartners@aol.com" Colin
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